ASX attributes the fall to the company's new fee structure, which affected earnings by $17.8 million in 2014-15. ASX expects the full year impact on revenue to come in at $24 million.

Moreover, the company noted capital expenditure of $44.4 million, largely due to its technology transformation program – expected to improve the exchange's ability to innovate, bring products to market quickly and make it easier for clients to connect to ASX.

However, Mr Funke Kupper said the program is central to the exchange's "way forward".

“ASX is excited by the potential its investment program has to deliver efficiencies to customers, provide product and service innovation, and ensure Australia’s market infrastructure remains world class," he said.

ASX cash market was a bright spot, as revenue increased to $125.2 million, up 6.7 per cent.